REINSURANCE (Tables)

12 Months Ended

Dec. 31, 2020

Reinsurance Disclosures [Abstract]

Schedule of net life insurance in-force

The following table presents the net life insurance in-force:

	As of December 31,
	2020			2019
	(Dollars In Thousands)
Direct life insurance in-force	$	785,197,477		$	766,196,760
Amounts assumed from other companies	206,049,944			212,573,612
Amounts ceded to other companies	(244,588,150)			(271,600,818)
Net life insurance in-force	$	746,659,271		$	707,169,554
Percentage of amount assumed to net	28		%	30		%

Schedule of effect of reinsurance on life insurance premiums written and earned

The following table reflects the effect of reinsurance on life, accident/health, and property and liability insurance premiums written and earned:

	Gross Amount		Ceded to Other Companies		Assumed from Other Companies		Net Amount
	(Dollars In Thousands)
For The Year Ended December 31, 2020
Premiums and policy fees:									-1
Life insurance	$	2,660,816	$	(894,438)	$	934,351	$	2,700,729	(1)
Accident/health insurance	37,006		(23,351)		89,788		103,443
Property and liability insurance	278,540		(177,756)		2,440		103,224
Total	$	2,976,362	$	(1,095,545)	$	1,026,579	$	2,907,396
For The Year Ended December 31, 2019
Premiums and policy fees:
Life insurance	$	2,852,899	$	(1,383,822)	$	835,677	$	2,304,754	(1)
Accident/health insurance	42,248		(90,193)		41,406		(6,539)
Property and liability insurance	280,734		(106,430)		3,238		177,542
Total	$	3,175,881	$	(1,580,445)	$	880,321	$	2,475,757
For The Year Ended December 31, 2018
Premiums and policy fees:
Life insurance	$	2,681,191	$	(1,249,906)	$	626,283	$	2,057,568	(1)
Accident/health insurance	47,028		(30,126)		12,826		29,728
Property and liability insurance	284,323		(103,478)		4,857		185,702
Total	$	3,012,542	$	(1,383,510)	$	643,966	$	2,272,998

(1)Includes annuity policy fees of $162.8 million, $164.3 million, and $177.1 million, for the years ended December 31, 2020, 2019, and 2018, respectively.

Schedule of receivables attributable to more significant reinsurance partners

The following table sets forth the receivables attributable to our more significant reinsurance partners: 

	As of December 31,
	2020			2019
	Reinsurance Receivable		A.M. Best Rating	Reinsurance Receivable		A.M. Best Rating
	(Dollars In Millions)
Security Life of Denver Insurance Company	$	548.5	NR	$	631.4	NR
Swiss Re Life & Health America, Inc.	489.6		A+	560.0		A+
Lincoln National Life Insurance Co.	370.7		A+	463.5		A+
Somerset Re	259.9		A-
Transamerica Life Insurance Co.	240.3		A	330.3		A
RGA Reinsurance Company	210.5		A+	261.2		A+
American United Life Insurance Company	199.1		A+	273.3		A+
Centre Reinsurance (Bermuda) Ltd	167.3		NR	181.4		NR
Employers Reassurance Corporation	162.0		NR	187.4		NR
The Canada Life Assurance Company	134.0		A+	168.3		A+